The Settlement Funds Clause Samples

The Settlement Funds. 30. Releasors shall look solely to the Settlement Funds for monetary satisfaction against the Releasees of all Released Claims, and shall have no other recovery against Mikuni of any Releasee for any Released Claims. 31. After this Agreement becomes final within the meaning of Paragraph 21, the Settlement Funds shall be distributed in accordance with a plan to be submitted to the Court at the appropriate time by Settlement Class Counsel, subject to approval by the Court. In no event shall any Releasee have any responsibility, financial obligation, or liability whatsoever with respect to the investment, distribution, or administration of the Settlement Funds, including, but not limited to, the costs and expenses of such distribution and administration except as expressly otherwise provided in Paragraph 29 of this Agreement. 32. End-Payor Plaintiffs and Settlement Class Counsel shall be reimbursed and indemnified solely out of the Settlement Funds for all expenses and costs, as provided by Court Order. Mikuni and the other Releasees shall not be liable for any costs, fees, or expenses of any of End-Payor Plaintiffs or the Settlement Classes’ respective attorneys, experts, advisors, agents, or representatives, but all such costs, fees, and expenses as approved by the Court shall be paid out of the Settlement Funds. 33. Settlement Class Counsel’s Attorneys’ Fees, Reimbursement of Expenses, and Incentive Awards for Class Representatives. (a) Settlement Class Counsel may submit an application or applications to the Court (“Fee and Expense Application”) for: (i) an award of attorneys’ fees not in excess of one- third of the Settlement Funds; plus (ii) reimbursement of expenses and costs incurred in connection with prosecuting the Actions and incentive awards, plus interest on such attorneys’ fees, costs, and expenses at the same rate and for the same period as earned by the Settlement Funds (until paid), as may be awarded by the Court (“Fee and Expense Award”). Settlement Class Counsel reserves the right to make additional applications for Court approval of fees and expenses incurred and reasonable incentive awards, but in no event shall Mikuni or any other Releasees be responsible to pay any such additional fees and expenses except to the extent they are paid out of the Settlement Funds. (b) Subject to Court approval, End-Payor Plaintiffs and Settlement Class Counsel shall be reimbursed and paid solely out of the Settlement Funds for all expenses including, but ...

The Settlement Funds. Releasors’ sole recourse for settlement and satisfaction against the Releasees of all Released Claims is against the Settlement Funds, and Releasors shall have no other recovery against SUMITOMO RIKO or any other Releasee.

The Settlement Funds. 27. Releasors shall look solely to the Settlement Funds for settlement and satisfaction against the Releasees of all Released Claims, and shall have no other recovery against Panasonic or any Releasee for any Released Claims. 28. After this Agreement becomes final within the meaning of Paragraph 19, the Settlement Funds shall be distributed in accordance with plans to be submitted at a time to be determined in the sole discretion of Settlement Class Counsel, subject to approval by the Court. In no event shall any Releasee have any responsibility, financial obligation, or liability whatsoever with respect to the investment, distribution, or administration of the Settlement Funds, including, but not limited to, the costs and expenses of such distribution and administration, with the exception of the provisions set forth in Paragraph 26 of this Agreement. 29. End-Payor Plaintiffs and Settlement Class Counsel shall be reimbursed subject to Court approval and indemnified solely out of the Settlement Funds for their costs and expenses. Panasonic and the Releasees shall not be liable for any costs, fees, or expenses of any of End- Payor Plaintiffs’ or the Settlement Classes’ respective attorneys, experts, advisors, agents, or representatives, but all such costs, fees, and expenses as approved by the Court shall be paid out of the Settlement Funds.

The Settlement Funds. (1) Class Counsel acknowledge that the Defendant has paid the Trust Funds to Class Counsel, in trust, to be distributed in accordance with this Settlement Agreement.

The Settlement Funds. Within twenty-five (25) business days following the Court Approval Date (as defined below), the Defendants will pay into trust with Class Counsel the following all-inclusive amounts (the “Settlement Funds”) to the Class to fully and finally settle all claims on behalf of customers and employees of NCIX regarding alleged privacy breaches: